How to master the stock market, trade stocks professionally and become a stock trading jedi

Well, that's funny and odd. I just found out that i'm not the only one reasoning about how Jedi practise relates to stock trading. And i'm not the first one who did it ...*-).

Ok, here's what i found in an old forum post from the year 2005 (thanks Google ...).

The author - pns01 (i know only his nickname so far) - matches my own thoughts on the topic so well, that i'm just going to quote his writing unedited here.

I hope you have as much fun as i reading it. May the force be with you:

"We give in to the fear when we skip the next trade because we have had a run of losers and we fear losing again. We give in to the fear when stop losses are placed too close without giving the trade enough room to maneuver. We give in to our fear when we fail to sell as a trade begins losing money. We give into fear when we can't admit that we made a mistake.

We give in to greed when we take a profit too early, before the sell signal, because we don't want to give back any profits. We give in to our greed when we trade larger than we can afford because we feel good about this trade.

The jedi spend many years at the Temple learning to control heir emotions, center themselves and think clearly about everything that goes on around them. When training for battle the jedi apprentices study there own movements, their own thoughts in order to "feel the force" and minimize their weaknesses. Traders today flock to the market like rats looking to scavenge every little of profit they can without first reflecting on why they are there in the first place. Greed and fear cloud the judgment of many in the marketplace. They are there for the excitement, the thrill, the joy of a quick buck.

Take time to reflect on the market and why you trade the market. Reflect on your trading strategies, why they work and why they don't work. What are the strengths, weakneses of both the strategies and yourself ? There are numerous questions to ask but you should always know why things work. For example why does a moving average work ? When does it not work ? What are the inherent problems with it and how can they be overcome ? What are the strengths of it ?

Just to answer the above questions. A (simple) moving average works because it takes a consensus of the price over a number of days. It displays this in a graphical form which allows the user to see a trend. It works well in stocks that tend to trend for a long time. It does not work well with stocks that are choppy or do not move a great deal. The inherent problems with it is that it does not take into consideration the volume behind the move. This is a major disadvantage as stocks with low volume moves usually turn out to be false moves. This weakness can be overcome by adding other indicators to the buy signal such as a check for a large increase in volume. The strengths are that it shows trends over a given timeframe which are obvious to the trader."

Source: Stock Trading Advice from Yoda

Still scared or confused about what's been happening in the market and the economy over the past week?

Then you need to see this brand new trading video!

Because it shows you what usually happens when the market is gripped by fear, like it is now ... and how smart traders can pounce on the coming profit potential ...

The video walks you through the current S&P500 chart, and then you'll see an eerily similar situation that happened a few years ago.

You may be surprised by what's going on...

See it here.

In addition the video shows three recent trades that set up this past Monday as the market plunged.

Two of them hit 10% profit targets already last week, and the third one didn't enter into a trade at all, so you can see the importance of having step-by-step "risk management rules" to keep you out of the trades you shouldn't even be considering.

Here's the link to the video once more

This is a critical moment for YOU as a trader.

The media draws a picture of Nemesis and Doom.

The Dow is down.

Does that scare you?

Don't let fear control your mind.
Don't fall for the dark site of the force.

Fear is no good advisor, especially when it comes to trading. Nor the media.

Aren't you aware that volatile moves like we see these days present SUBSTANTIAL profit potential for you ...?

The choice is yours.

You can choose to follow the herd and wait until the market or the economy 'gets better' (like most people will do)...

But then you're essentially MISSING OUT on countless 'profit pockets' that will likely present hemselves in the coming days and weeks (regardless of which way the market moves).

**OR**

You can choose to ignore the media nonsense, and recognize that fortunes are made in UNUSUAL TIMES only with UNCOMMON BEHAVIOR ...

And you will be PERFECTLY POSITIONED to mine those 'profit pockets' for all they're worth ...

The choice is yours. No kidding.

Today (September 30th) the doors to the Market Mastery Protege Program officially opened as of 10:00am Eastern time.

So if you want to:

• maximize your "profit potential" by using 4 different methods SYNERGISTICALLY to spot as many market moves as possible (again & again)...


• vanquish the pressure, strain, and stress normally associated with stock trading ...


• dramatically reduce your "time in the trenches" by spending less than 20 minutes a night trading only the highest probability stocks ...


• Practically "rub out" account-crippling losses with simple yet profound risk management strategies only a few select traders are using. It's like having a stock trading "risk shield" so you're protected at all times ...

... then don't hesitate and check out the Market Mastery Protege Program asap.

** Whichever path you choose, you need to choose NOW ... before it's too late

... and however you make your choice, make sure it's YOU making the choice, and not the media making the choice for you. You'll regret it later.

Go here, think and decide for yourself ...

Wow, this morning i found a very pleasant surprise in my inbox.

As you probably know by now, next week is going to be a turning point in the stock trading community.

Because a brand new trading course hits the market that will show you how to claim back your life as you discover how to prosper in the stock market in less than 20 minutes a day ... REGARDLESS of what the economy does!

This course is Bill Poulos's Market Mastery Protege Program (MMPP), which i had the privilege to preview (for more info on MMPP, read this lens).

And much to my surprise YOU can get the very FIRST copy completely FREE - fresh from the printers, before anyone else even has a chance to put his hands on it.

How?

Bill is going to GIVE AWAY one copy of MMPP this Saturday evening, September 27th. That's 3 days before it will hit the market.

And Bill is even covering shipping & handling to anywhere in the world.

The deadline for entering the giveaway is September 27th at 4 pm Eastern time, Saturday.

So better don't drag your feet if you want your free MMPP stock trading course ;-)

Just go here.

Good luck and good trading!

I had the chance to (p)review what IMHO is one of the best stock trading courses ever.

I'm talking about the "Market Mastery Protege Program" by Bill Poulos, the Trading Grandmaster with 30 years of trading experience.

To cut the fluff: this stock trading training has all you need to take you from trading zero to trading hero ...*-)

I already discussed the importance of a "good" trading method in this lens, and the Market Mastery Protege Program equips you with 4 powerful stock trading methods at once!

And that's just a tiny fraction of the trading know-how the training holds in store for you.

The trading course comes along with:

• a 441-paged manual


• 13 CD-ROMs with detailed video instructions


• 4 separate and complete trading methods


• 4 trading blueprints (one for each method)


• numerous trading examples


• student support


• and, and, and ....

I must admit i'm slightly overwhelmed by all the rock-solid material and how well thought out it is composed.

For instance: The trading blueprints for each method taught enable you to follow everything easily. Thus you won't miss out on a thing.

Keep these blueprints next to your computer and you can overview all you need to look for when you search for a trade.

Bill even tells you exactly how to use trading software to search over 8000 stocks for valid trades in mere seconds!

You only need to look at what the search produces to see if there are trades you want to make. And that is only going to take you about 20 minutes per day!

How cool is that?

Well, all in all my gut reaction on the Market Mastery Protege Program is simply "WOW".

And I bet you will too go "WOW" about it.

Even without diving deeper into the material, i can already recommend the Market Mastery Protege Program as the one and only stock trading training you might ever need to succeed trading stocks - no matter what the economy does.

To discover more about it and to improve your trading skills, sign-up here.

Stock market down?

I don't care. Because i know how to profit in ANY market.

And now you can discover how to do it too!

If you are interested in trading stocks, don't let the economy scare you.

All you need is to have an open mind and be willing to look at some new ways to not only survive, but to PROSPER in the stock market in today's economy.

You're about to discover 5 recession proof trading attack plans that you can use TODAY to enhance ANY trading method at ANY time in ANY market ...

All you have to do to get hold of a brand new, 6-part stock trading 'mastery' multimedia training course for free, is to sign up for my free Trading Jedi News and click on the link in the confirmation mail you're going to receive.

You'll also discover:

• 4 "cornerstone components" Wall Street insiders have used for decades to dramatically put the odds of success in their favor, and how you can do it too


• "core essentials" of stock trading that will let you "leapfrog" over other traders, giving you a "fast track" that would otherwise take months, or years to achieve


• 4 "emotion stabilizers", inspired by Einstein, that finally help keep "fear & greed" out of the picture once and for all


• Step-by-step tactics for applying his "Optimal Profit Exit Strategy". This is one of his favorite ways to enjoy profit-taking as quickly as possible


• 5 "profit poison" market conditions that you should avoid at all costs that practically eradicate risk (bonus video)


• How to use the "doom & gloom" news reports in the media to discover untapped profit potential, again & again


• How to drastically reduce your "time in the trenches" trading stocks by spending only 20 minutes a day. This discovery makes it all possible


• and a whole lot more, as the material reveals the critical & crucial strategies you need to maximize your profit potential in this brand new 'Market Mastery 6-Pack' multimedia training materials.

Sign-up here for your free multimedia training materials.

If you act quick, you can get some BRAND NEW stock trading training materials for free

(I don't know how long I'll be able to make this offer, but you can get the material "on the house" right now)

The material includes a set of "profit plans" that were just released on Tuesday.

And now these videos have also been released:

• Doom & Gloom Trading Secrets: discover how individuals that are dependent on the so-called media experts for trading advice generally run scared because of the "doom & gloom" scenarios that get painted nearly every day in the news and how select groups of traders know how to turn this "doom & gloom" into profit potential, again and again.
  


• Market Mastery Trading Basics: adressed especially to beginner stock traders. Discover essential basics of technical stock trading, along with a walk-through of some actual trading and charting software. It sticks to what you need to know, so you can begin trading ASAP.
  

Over the next few days there will be more stock trading videos released you can get your hands on for free too.

This set of multimedia stock trading training material will likely be sold in the near future for around 200 to 300 bucks.

So better grab it for free while you still can.

If you want to be able to spot profit potential again and again in any kind of market, and any kind of economy, sign-up here for everything.

From the video series "Mistakes Traders Make" we already know that not having a good trading method is one of the crucial mistakes hindering traders to succeed in the stock market.

Having a good trading method is vital for market mastery.

But what makes a good trading method?

To answer that question, let's first define what is a trading method.

A trading method can best be understood as a procedure that will help you to succeed trading investment markets like for instance the stock market or the forex market.

To help you master the stock market, a good trading method needs to show you

• how to identify only valid trading opportunities


• when to get into the market (entry rules)


• when to exit the market (exit rules)


• hot to minimize your risk (protect your money)

Does your trading method do all this?

If you want to discover some really good trading methods, you might never have heard of before, sign up for my free Trading News.

Bill Poulos, the stock trading Grand master, is conducting a worldwide trading survey right now.

According to a recent press release, Bill thinks many traders are getting scared right now (due to current market conditions) - but they shouldn't be.

Because when it comes to trading, there are specific, tested ways to turn "doom and gloom" into "opportunity".

Bill also announced some brand new, free training material that shows the best trading strategies, tactics and techniques (and the right mindset)
that traders SHOULD be using, but AREN'T.

He'll also have a new 'insider's report' on how to prosper in the stock market in today's economy.

Unfortunately i have no info yet, WHEN this info will be available to us.

But check back here and you will know it as soon as i do ...*-)

To participate in the survey, click here

What are "gapping" stocks?

A "gap" is defined by the opening of the bar being greater or less than the close of the previous bar.

If a stock closed at $75 yesterday and opened at $80 today, then it has gapped up by $5.

Stocks that have a significant gap at the open, either up or down, are likely to have good volume and swings in price, presenting good trading opportunities.

That's why you should look out for them ...*-)

Here's the final video in the five-part interview
series between SeriousTrader and trading Grand master Bill Poulos.

As "Serious" is here on Squidoo too, I've just added his lens.

"I'll hang in there a bit longer"

Sounds familiar to you?

Well, that's perhaps the biggest mistake stock traders can make - holding onto a losing stock!

Mistakes Traders Make - Part V

The fourth part in the "Mistakes Traders Make" video series shows why it is important to have a good exit strategy, to be able to take profits and protect gains.

So many stock traders don't take profits when they
should and leave a ton of money on the table by
getting out when they shouldn't.

I must admit this happened to me in the past too.

I bailed out to early on a trade and I let my trade run when the market was against me ...

Mistakes Traders Make - Part IV

According to Bill this is all part of not have a good trading method (see Part III).

The next video will be the last in this series, but I truly hope it won't be the last from Bill.

Because his has been great stuff so far.

The third part of the "Mistakes Traders Make" video series reveals why you should have a trading plan or routine and a good trading method too when you trade stocks (or Forex).

Mistakes Traders Make - Part III

Ask yourself: would you drive off to a distant destination without a road map? No?

Hell, why would you do this then with your trading?

I just finished viewing the second video in the "Mistakes Traders Make" series.

It's all about "Risk Management".

Obviously Bill knows his stuff.

And unlike others that talk about managing risk, but never take the time to explain for instance how emotions can get in the way or how anxious traders lose money ...

You can discover some simple guidelines for your own Risk Management in this video

Mistakes Traders Make - Part II

As the first two parts of this series have been on the money, i'm really curious for part three.

Recently an exclusive 5-part video series was released to the net by SeriousTrader.

The videos are interviews from a sit-down he had with his trading mentor Bill Poulos

Bill is one of the rare trading Grand Master Jedi amongst us, that made millions from trading and still care to educate fellow traders.

In his teachings, like in his interviews, Bill talks straight and tells it like it is, no holds barred.

That's what makes his interviews, webinars (when he holds them) and his training material very valuable and enjoyable at the same time.

The interview series is called "Mistakes Traders Make".

The first video is about the mistake that people make by trading stocks (or Forex, or anything really) when they shouldn't.

It really knocked me off my feet to discover Bill's answer.

Because it's so simple and obvious.

Why didn't I, why didn't others think of that?

The video is on YouTube. You can view it here:

Mistakes Traders Make

First of all, there is not a single stock market as such. The "global" stock market is formed of many smaller, national, regional, vertical or industry markets.

There are various stock inideces that mirror these markets, like for instance Dow Jones, Dax, Nikkei etc.

When people talk about "the market", they mostly refer to a special market, like for instance the European Stock market, the Asian Stock Market or the US-American Stock market.

Knowing what happens in other markets can help you identify in which direction the market you want to trade might go.

For example:

The Asian and European Stock markets can be used as a possible guide to get an idea of which direction the US stock market is likely to go in.

If for instance the Nikkei is down 3% and the DAX is down 2.3%, then very likely the US Futures and stocks will end up down overall. And the US futures will have been trading down in their overnight session with Asia/Europe as well. Thus there could be an immediate rally at the 9am open before moving down further.

Conclusio: even if you only want to trade in one special market, you might get better results if you mind what's happening in other markets too

If you're new to stock trading, better start with low lots of share like for instance 100, and avoid to jump in with orders for 1000 plus.

Why? Because if a trade with 100 shares is going against you, that would be psychologically easier to take for you than one with 1000 or more.

You don't need to rush. So better get acquainted first.

This includes facing loss and learning to bear it.

What are stocks?

A share of stock is the smallest unit of ownership in a company. If you own a share of a company's stock, you are a part owner of the company.

There are two types of stock - "Common stock" and "Preferred stock"

Most of the stock held by individuals is common stock.

Common stock represents the majority of stock held by the public. It has voting rights, along with the right to share in dividends.

When you hear or read about "stocks" being up or down, it always refers to common stock.

Preferred Stock - other than its name would make you believe - has fewer rights than common stock, except when it comes to dividends.

Companies that issue preferred stocks usually pay consistent dividends and preferred stock has first call on dividends over common stock.

You can trade stocks almost any day the stock markets are open.

What is stock trading?

First of all, you don't really "trade" stocks like for instance baseball cards (I'll trade you 100 SAPs for 100 Oracles).

Nope. In the jargon of the stock market "to trade" means to buy and sell.

If you buy or sell stocks, you "execute a trade".

But you don't do it yourself. You have to give your order to buy or sell to a broker, and they will execute the trade for you either on the "floor" of a stock exchange, like the NYSE, or electronically.

You can use variety of online glossaries to get more familiar with stock trading terms.

You can find a good list of trading glossaries at:
Glossarist.com